Where is it legal to raffle property with 55% of net going to a legal charity. USA & Canada-it’s not legal.
December 15, 2009 by
Filed under canada vacation homes
Brand new luxury home in Las Vegas. never lived in. Will sell no less than 10,000 and no more than 15,000 tickets at $100 each. 10 for $900. Chance of winning a $750,000 luxury home are 1 in 15,000. Millions of chances better than any lottery or casino, anywhere. Could be owned by a group as vacation home in Vegas. 15 mins. from strip, view lot, upgrades worthy of $750,000 valuation, located in quiet upper middle class neighborhood. Does anyone know of a country or area where this will be legal?
I don’t get why you think it’s illegal. I’m actually have a ticket with a local chaity group in eastern Canada who is doing almost the same exact thing but with a regular home. They are selling 2500 tickets on a $150000 home. Though I believe all proceeds go to charity.
I think they are all illegal if you do it for profit.
you can do an auction style sale in “ebay”
put a reserve on your price and for 30 days.
and in the description ..add that 55% is going to charity.
over your price.